Be on the lookout for significant price movements on the last day of the month

Be on the lookout for significant price movements on the last day of the month

30.09.2021

Yesterday, two of the three major U.S. stock indices rose, resulting in a market environment characterized by higher stock prices, lower interest rates, and higher crude oil prices. WTI crude oil has risen again to $75.1.Gold rebounded to $1,733. Market anxiety appeared to ease temporarily due to a brief decline in U.S. long-term bond yields.

In the foreign exchange market, the New Zealand dollar has become the weakest currency, and the AUD/NZD pair has been rising for four days.Yesterday alone, the pair rose from 1.039 to 1.046. On the daily chart, it has firmly broken above the 20-day moving average (MA), and we should keep a close eye on the possibility of it rising toward the 20-day MA on the weekly chart, which is around 1.052.

Today’s schedule includes the UK’s second-quarter GDP (final reading) at 15:00 Asia time, France’s Consumer Price Index (flash estimate) at 15:45, Switzerland’s KOF Leading Index and Turkey’s trade balance at 16:00 Europe time,at 16:10 Japan’s remarks by BOJ Governor Kuroda, at 16:55 Germany’s unemployment rate, at 21:00 Germany’s Consumer Price Index, during U.S. trading hours at 21:30 U.S. initial jobless claims, at 22:45 the U.S. Chicago PMI,11:00 PM: U.S. – Remarks by Williams, President of the New York Fed; 11:30 PM: U.S. – Weekly Natural Gas Inventories; 12:00 AM: U.S. – Remarks by Bostic, President of the Atlanta Fed; 12:30 AM: U.S. – Remarks by Harker,President of the Federal Reserve Bank of Philadelphia, at 25:30: Remarks by Evans, President of the Federal Reserve Bank of Chicago; at 26:05: Remarks by Bullard, President of the Federal Reserve Bank of St. Louis; and at 27:30: Remarks by Daly, President of the Federal Reserve Bank of San Francisco.I intend to carefully monitor how currency strength and weakness evolve amid price movements driven by the end of the month and the final day of the quarter.